Long-Term Factors in American Economic Growth
Title | Long-Term Factors in American Economic Growth PDF eBook |
Author | Stanley L. Engerman |
Publisher | University of Chicago Press |
Pages | 900 |
Release | 1986-12-01 |
Genre | Business & Economics |
ISBN | 9780226209289 |
These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
Productivity Growth in the Manufacturing Sector
Title | Productivity Growth in the Manufacturing Sector PDF eBook |
Author | Mihir Kumar Pal |
Publisher | Emerald Group Publishing |
Pages | 312 |
Release | 2021-06-03 |
Genre | Business & Economics |
ISBN | 1800710941 |
The growth of manufacturing industries is one of the key sectors in helping to mitigate global recessions. Productivity Growth in the Manufacturing Sector thoroughly discusses issues and potential remedies of this sector for a range of international countries.
Multifactor Productivity Trends
Title | Multifactor Productivity Trends PDF eBook |
Author | |
Publisher | |
Pages | 24 |
Release | 1995 |
Genre | Business enterprises |
ISBN |
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach
Title | China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach PDF eBook |
Author | Min Zhu |
Publisher | International Monetary Fund |
Pages | 46 |
Release | 2019-11-27 |
Genre | Business & Economics |
ISBN | 1513515357 |
China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
Global Productivity
Title | Global Productivity PDF eBook |
Author | Alistair Dieppe |
Publisher | World Bank Publications |
Pages | 552 |
Release | 2021-06-09 |
Genre | Business & Economics |
ISBN | 1464816093 |
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Input-output Structure of the U.S. Economy: 1947
Title | Input-output Structure of the U.S. Economy: 1947 PDF eBook |
Author | United States. Office of Business Economics |
Publisher | |
Pages | 52 |
Release | 1970 |
Genre | Industries |
ISBN |
U.S. Productivity
Title | U.S. Productivity PDF eBook |
Author | Jackson B. Powell |
Publisher | |
Pages | 0 |
Release | 2010 |
Genre | Industrial productivity |
ISBN | 9781607412618 |
Among the goals of economic policy is a rising standard of living, and it is generally understood that the means to that end is rising productivity. Productivity relates the quantity of goods and services produced, and the income generated as a result of that production, to the amount of labour required to produce it. The most commonly used measure of the living standard of a nation, is simply the ratio of that income to the total population, without regard to how the income is actually distributed. This book examines the link between productivity and living standards and the trends and proposals in productivity growth.